Barbados presents a wealth of opportunities in financial services and insurance, supported by a favorable business environment, robust infrastructure, and skilled workforce. Investors can benefit from the island's regulatory framework, experienced professionals, and excellent quality of life. Financial Services Barbados has long been a hub for financial services, attracting banks and high-net-worth...
Barbados is a vibrant hub for business and investment, offering a transparent and supportive environment that welcomes foreign ownership and entrepreneurship. With a stable economy and robust legal system, Barbados is well-equipped to facilitate the seamless start and growth of your business. Expanding Treaty Network Investing in Barbados means gaining access to a wide network of international tax...
Barbados, a gem in the Caribbean, is opening its doors to sustainable development and economic growth through the Special Development Areas Act. This legislation provides various concessions to approved developers for specific activities in designated geographical areas within Barbados, aiming to foster development and attract investments. View Commercial Properties for Sale in Barbados 7 Storey...
Investing in Barbados offers unparalleled opportunities for those interested in the tourism and hospitality sector. With its strategic focus on tourism, the Government of Barbados has established a supportive environment that encourages investment through a range of attractive incentives and proactive assistance. This blog explores the exceptional duty and tax concessions available to investors, the...
Barbados' economy has surged with a robust 4.5% real growth in the first half of 2024, marking a $300 million increase in total production and record employment levels, as announced by the Central Bank of Barbados on Monday. During a press conference at its Spry Street headquarters, Governor Dr. Kevin Greenidge presented the bank’s six-month economic review, attributing the expansion primarily to a...
Proven Properties Limited, a subsidiary of Proven Group Limited, has invested US$6.5 million to acquire a 50% stake in a company that owns the five-storey building, One Barbados Place. The other half remains with Caribbean Consultants Limited (CCL), a Barbados-based real estate developer, according to Aisha Campbell, CEO of Proven Properties. The holding company, One Warrens Limited, will now be...
Barbados is gearing up to enhance its appeal to American tourists, particularly through Georgia, as Delta Air Lines prepares to resume daily nonstop flights from Atlanta to the island on November 23 after a seven-year hiatus. The initiative aims not only to attract native Barbadians living in Georgia but also to entice prospective visitors. Ian Gooding-Edghill, Minister of Tourism and Transportation,...
Prime Minister Mia Amor Mottley has declared that almost every building in Barbados that is not fit for purpose will be rebuilt within the next decade or two, either voluntarily or by mandate. Reflecting on the devastating impact of Hurricane Barrow, a category four hurricane that formed to the east-southeast of Barbados, Mottley highlighted the urgency of this initiative. The hurricane presented what...
Caribbean Real Estate News: Highlights and Insights Luxury Developments: There is a continued surge in demand for luxury properties, particularly beachfront homes and upscale condos. This trend is notable in the Cayman Islands, which remains a strong market due to its tax benefits and stable economy. Eco-Tourism and Sustainable Living: Islands like Grenada and Belize are seeing increased interest...
A new ferry service, Connect Caribe is set to launch by the end of November with destinations including Guyana, Suriname, and Barbados. Connect Caribe, a private-sector-led ferry service, was set to commence operations by the end of November this year, promising significant employment opportunities and receiving strong backing from key regional figures. This development was highlighted during a...